Pershing Gold Corp (NASDAQ:PGLC) Director Acquires $72,390.00 in Stock

Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig purchased 28,500 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $2.54 per share, with a total value of $72,390.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Pershing Gold Corp (PGLC) traded down $0.02 during midday trading on Friday, reaching $2.40. The company’s stock had a trading volume of 163,264 shares, compared to its average volume of 164,875. The firm has a market cap of $68.73, a PE ratio of -4.44 and a beta of 0.90. Pershing Gold Corp has a 52-week low of $2.26 and a 52-week high of $3.40.

Pershing Gold (NASDAQ:PGLC) last announced its quarterly earnings data on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. equities analysts anticipate that Pershing Gold Corp will post -0.45 earnings per share for the current year.

A hedge fund recently raised its stake in Pershing Gold stock. Cambridge Investment Research Advisors Inc. grew its holdings in Pershing Gold Corp (NASDAQ:PGLC) by 42.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 450,624 shares of the basic materials company’s stock after purchasing an additional 133,640 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 1.59% of Pershing Gold worth $1,257,000 as of its most recent SEC filing. 19.49% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research raised Pershing Gold from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Pershing Gold in a report on Tuesday, October 31st. Finally, Noble Financial reissued a “buy” rating on shares of Pershing Gold in a report on Wednesday, November 15th.

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Pershing Gold Company Profile

Pershing Gold Corporation is a gold and precious metals exploration company. The Company focuses on exploration, development and mining opportunities in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Company operates its business directly and also through its subsidiary, Gold Acquisition Corp.

Insider Buying and Selling by Quarter for Pershing Gold (NASDAQ:PGLC)

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